Tribunal confirms JSE’s 20-year ban and R15m fine on Markus Jooste
The decision comes in the same week in which Steinhoff is due to be liquidated and delisted.
The decision comes in the same week in which Steinhoff is due to be liquidated and delisted.
‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.
The penalties imposed by the Authority on Viceroy and Markus Jooste came to R211 million.
JSE imposes fines totalling R15 million and bars Steinhoff’s former chief executive from holding office as a director.
This is a year after the Financial Services Tribunal set aside the Authority’s penalty of almost R162 million.
The South African Reserve Bank (Sarb) this week moved to attach more than R1.4 billion in assets linked to former Steinhoff chief executive Markus Jooste, five years after it told Parliament it was […]
The JSE has disqualified Steinhoff’s former chief financial officer, Ben la Grange, from acting as a company director for 10 years and fined him a total of R2 million. La Grange served as […]
The Financial Services Tribunal has ordered the FSCA to come up with an “appropriate” administrative penalty on Markus Jooste after it set aside the fine of nearly R162 million the regulator imposed on […]
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